I guess when I said that the charts were indicating a 'no brainer' trading opportunity last week it was a bit of an under statement.  Today's markets are speaking loudly in confirming the 'outside down' week we had last week.  The 'no brainer' opportunity should be with for some time.  Especially if you are a LONG TERM INVESTOR.  The potential profits are big.  Like I have been saying this is possibly the best trading opportunity since the lows of October 2002.  I show targets in today's update for mid and long term traders and investors.

I had an email from a subscriber asking why I exited the JULY OPTIONS for the DIA today when they were doing well and I had time on my side.  The answer is number one; I had too many positions spread out.  I kept the positions of the QQQQ open to take advantage of the current trend.  Plus the Contracts I had were not a real good strike; not in the money and I already positioned in the DIA as a core position to make money from the direction

.  So.. Now that key targets have been hit; will there be a rally coming soon?   I show potential trading action to signal a possible reversal in today's update.  I show target areas where a tradable BUYING opportunity 'could' occur.

I am not in the office at the current time. And I would love to be listening to CNBC to see what they are blaming today's action on.  ShepWave clearly showed the 'OUTSIDE DOWN' week that occurred and the indexes are tracking our targets perfectly.

Click here to read today's ShepWave Update with targets and Analysis.

ShepWave positions well in the BLACK; 

QQQQ core position UP almost 2 points .. After taking profits last week of a point.

QQQQ Option position UP over 40%.  Closed out an options position last week for a 100% profit.

DIA core position is UP 2 points.  (equal to over 200 point move in the Dow)

Many more profits should be on the way.

CLICK on Shep's Trading LOG to see all trades.  These are just what is open now.

Click image below to sign up for CLUB EWI for FREE.